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Prospect News home > News index > List of issuers M > Headlines for MIK Holding JSC > News item
Published on 12/18/2020 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Mongolian Mortgage repurchases $19.32 million 9¾% notes due 2022

By Cady Vishniac

Detroit, Dec. 18 – Mongolian Mortgage Corp. HFC LLC has repurchased $19.32 million of its outstanding $300 million of 9¾% notes due 2022 (USY6142GAA14) guaranteed by MIK Holding JSC, according to a notice.

The notes were repurchased on the market on April 16, April 20, June 10 and July 31. Settlement was completed Nov. 27.

Purchased notes were canceled, and $280.68 million of the notes remain outstanding. The average purchase price per note was $808.20 per $1,000 face amount of notes.

Based in Ulaanbaatar, Mongolia, Mongolian Mortgage issues mortgage-backed securities. The company is a subsidiary of Mongolian Mortgage Corp. Holdings JSC.


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